Newmont shares have trailed its peers, even with gold’s meteoric rise that took the metal to a six-year high of $1,557.11 an ounce last month.

The newly discovered VMS West zone is located 400 metres west of the VMS East zone which was previously sampled in 2018.

Eleonore South is a three-way joint venture of Eastmain, Azimut Exploration of Montreal and Newmont Goldcorp.

The new study has economies of scale to process 1.5 t/d using 5,000-litre reactors.

Shareholders had earlier opposed the deal, stating it 'undervalued' the company.

The Janice Lake property is owned by Transition Metals and optioned to Forum.

The Madsen Red Lake mine is Canada’s highest-grade development-stage gold project, the company says.

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